The Notes to be issued by CEMEX Finance LLC will bear interest at an
annual rate of 9.375% and mature in 2022. The Notes will be issued at
par and will be callable commencing on their 5th anniversary. The
closing of the offering is expected to occur on October 12, 2012,
subject to satisfaction of customary closing conditions.

CEMEX intends to use the net proceeds from the offering to prepay
principal outstanding under CEMEX’s Facilities Agreement, dated
September 17, 2012, thereby allowing CEMEX to satisfy the March 31, 2013
U.S.$1.0 billion prepayment milestone and the February 14, 2014 U.S.$500
million amortization payment thereunder. These payments will reduce the
interest rate on the Facilities Agreement debt by 25 basis points.

The Notes will share in the collateral pledged for the benefit of the
lenders under the Facilities Agreement and other secured obligations
having the benefit of such collateral, and will be guaranteed by CEMEX,
CEMEX México, S.A. de C.V., CEMEX España, S.A., CEMEX Corp., CEMEX
Concretos, S.A. de C.V., Empresas Tolteca de México, S.A. de C.V., New
Sunward Holding B.V., Cemex Research Group AG, Cemex Shipping B.V.,
Cemex Asia B.V., CEMEX France Gestion (S.A.S.), CEMEX UK and Cemex
Egyptian Investments B.V.

The Notes and the guarantees thereof have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws, and they may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act.

THE NOTES WILL NOT BE REGISTERED WITH THE NATIONAL SECURITIES
REGISTRY, MAINTAINED BY THE MEXICAN NATIONAL BANKING AND SECURITIES
COMMISSION, AND MAY NOT BE OFFERED OR SOLD PUBLICLY IN MEXICO. THE NEW
NOTES MAY BE OFFERED IN MEXICO TO QUALIFIED AND INSTITUTIONAL INVESTORS,
PURSUANT TO THE PRIVATE PLACEMENT PROVISIONS SET FORTH IN ARTICLE 8 OF
THE MEXICAN SECURITIES MARKET LAW.

This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties, and
assumptions. No assurance can be given that the transactions described
herein will be consummated or as to the ultimate terms of any such
transactions. CEMEX assumes no obligation to update or correct the
information contained in this press release.